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Tag Archives: Barclays

Papal comments; VIX settlement w/o the complaining; Barrier reverse convertibles Newsletter,Options

Observations & Insight Pope Calls Derivatives Market a ‘Ticking Time Bomb’ Sridhar Natarajan – Bloomberg Warren Buffett once called them “financial weapons of mass destruction.” Now Pope Francis, of all people, is taking aim at derivatives. /bloom.bg/2L65vKa *****SD: I thought Warren Buffett talking to Katy Perry about bitcoin was weird… But then again, I heard the pope was reading the new Dan Brown book “Disciples and Derivatives.” (Btw, he’s talking about credit default swaps, not derivatives markets overall.) Perhaps the oddest part from the so-called Holy See Press Office’s release, is the overuse of the qualifier “so-called.” There are four…

VIX Manipulation Class Actions Recap; Goldman and Barclays personnel moves Newsletter,Options

Observations & Insight The Options Industry Leader Series 2018 – BOX’s Ed Boyle Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) at Amelia Island, Fla., Ed Boyle, CEO of BOX, talks about constraints placed on the market making community, forward-starting daily options and the impact of the OIC. Watch the video here » ++++++ February 5 and 6 – “When the Wheels Came Off the Bus” Click for larger image It’s VIX expiration day and things don’t seem newsworthy, which is nice. As mentioned last week, we will occasionally be throwing…

Barclays CEO Hit With $850k Fine; Former JPMorgan trader charged FX fixing John Lothian Newsletter,Newsletter

First Read Chicago Venture Capital Firms Are Funding Fintech Sarah Rudolph, JLN Chicago may not be doing as well as some other cities in certain areas, but it is leading the charge in technological innovation in the financial world and in the crypto world. Several Chicago-based venture capital companies took part in a panel on financial innovation moderated by Chuck Mackie, consultant at Maven Wave Partners and contributing editor to John Lothian News, at The Trading Show Chicago on Thursday. DRW works with companies on development in the later stages. Its Digital Asset Holdings venture, headed by Blythe Masters, is…

Swaps Rules Due for Overhaul – CFTC; Ex-UBS Trader Beats Spoofing Charge John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Andreas Preuss and Jeffrey Tessler have been replaced on the Deutsche Boerse AG Executive Board. Thomas Book, Christoph Bohm and Stephan Leithner have been appointed to the board.~JJL Yesterday’s Fintech Exchange, hosted by Barchart, kicked off with with the Startup Exchange Competition – 16 start-ups introducing their innovative companies. PanXchange won the competition, for its technology and approach to raw commodities. The company listed frac sand in October 2017. Second went to Coinifide, a start-up that is building a trading education and trading platform for cryptocurrency markets. Third place went to Freight Exchange,…

UK regulators to fine Barclays chief; Deutsche Bank’s flub; Wells Fargo $1b fine John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The story of my being awarded the Silver Beaver Award by the Boy Scouts was reported in the Elmhurst Patch, posted by my friend and fellow scouter John Fabry.~JJL The Magnetar Youth Investment Academy held The Night Out for Financial Literacy fundraiser last evening in Chicago. The academy has served more than 14,000 students at 70 schools in the Chicago area. Chance The Rapper spoke with Magnetar Capital’s founder and CEO Alec Litowitz. When asked what he would have invested in when he was 17 years old, Chance replied that he didn’t have…

Short volatility Waterloo; Hedging activity pop; VIX ETPs in all their glory Newsletter,Options

Observations & Insight Vol-cano Erupts – How’s Seth Golden Doing? Spencer Doar – JLN Last year there were a few stories that came across the desk regarding the juniorization of firms and how removing experienced senior personnel could present risks of its own. After all, if you came into the markets in the 2010s, how would you have experience with crazy drawdowns? (Myself included.) Maybe some are ahead of the curve and have at least seen Trading Places. Well, a lot of staff just gained some experience. The options and volatility stories of the day are intertwined and generally fall…

Third Barclays FX Trader Faces Charges in Scandal; Cboe update; Prop consolidation Newsletter,Options

Observations & Insight You Can’t Rain On Our Parade: Cboe’s Big 2017 Includes Bitcoin Futures. Can It Overcome Regulatory, Margin and Volatility Headwinds? Jim Kharouf – John Lothian News To hear Cboe Global Markets Chairman and CEO Ed Tilly tell it, his exchange group is firing on all cylinders and adding new ones to the engine. The exchange boasts the top US equity options market and has a lock on volatility products with the VIX futures and options and related exchange traded products. Cboe now has the top pan-European equity market and the second ranked US stock market, as well…

Risk Premia Catches On; SKEW vs. VIX; Intel Chip Flaws and Options; BTC options Newsletter,Options

Lead Stories Derivatives: Asset managers catch on to risk premia strategies Costas Mourselas – GlobalCapital Risk premia strategy, a form of passive investing, is gaining ground among asset managers as they turn to the product for a steady source of yield and a tool for hedging uncertain macroeconomic conditions. This type of investing relies on ideas — many of which are derived from academic papers — that have consistently delivered returns, and are expected to do so into the future. jlne.ws/2qn8xU7 *****SD: Just catching on, eh? Where ya been? SKEW Index Continues To Diverge From VIX Index Sean Emory –…

Automation in FX markets; Giancarlo warns EU to stay off clearing turf; Rolet’s awkward departure John Lothian Newsletter,Newsletter

First Read ABN AMRO Loves Fidessa By John Lothian – JLN The romance between ABN AMRO Clearing (ACC) and Fidessa is a strategic and growth-oriented one and the relationship is driven by James Fairweather. James Fairweather is the global head of execution services at ACC . He is driving this installation and rollout of Fidessa’s systems at ACC. ABN AMRO Clearing is hoping to expand beyond active traders into services for corporate clients and even prime broker services, and Fairweather said Fidessa’s platform is the right fit for the job. “The breadth of technology was better with Fidessa,” Fairweather said…